{"id":29593,"date":"2022-09-09T13:16:25","date_gmt":"2022-09-09T07:46:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lumino-industries-ltd-v-acit-2022-94-itr-675-215-ttj-62-213-dtr-290-kol-trib-3\/"},"modified":"2022-09-09T13:16:25","modified_gmt":"2022-09-09T07:46:25","slug":"lumino-industries-ltd-v-acit-2022-94-itr-675-215-ttj-62-213-dtr-290-kol-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lumino-industries-ltd-v-acit-2022-94-itr-675-215-ttj-62-213-dtr-290-kol-trib-3\/","title":{"rendered":"Lumino Industries Ltd. v. ACIT (2022) 94 ITR 675 \/ 215 TTJ 62 \/ 213 DTR 290 (Kol.)(Trib.)"},"content":{"rendered":"<p>Held that educational sponsorship of\u00a0 son of\u00a0 Director\u00a0 held to be allowable as business expenditure as\u00a0 the\u00a0 recipient of\u00a0 sponsorship undertaking to serve company after completion of studies and later joining service of\u00a0 assessee. (AY. 2015-16, 2017-18 to 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Educational sponsorship of  son of  Director-Recipient of  sponsorship undertaking to serve company after completion of studies and later joining service of  assessee-Entitle to deduction.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29593","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Hj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29593"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29593\/revisions"}],"predecessor-version":[{"id":29594,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29593\/revisions\/29594"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}